This guy’s ideas never fail to amaze me. Lately though I felt that he has been saying things over and over again until I came up with this video.
For the general public which really isn’t much into Economics, this video shows some really good analogies. For those who understand Economics, one really starts to wonder whether or not America is in such a bad mess.
I particularly like the way he explains that “the boom is the problem, the bust is the solution”. People usually assume that an economic boom is good for us while a recession is bad and should be corrected. I also like his last two analogies when he talks about five Asians and one American stranded on an island. The last analogy is when he talks about the story of Tom Sawyer.